SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)

  X      Quarterly Report pursuant to Section 13 or 15(d) of the Securities
-----    Exchange Act of 1934

For the quarterly period ended November 30, 2002.

_____    Transition report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the transition period from ______________________ to ____________________

Commission File No.     000-27225
                    ----------------

                                  ENETPC, INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                Minnesota                                      41-1427445
---------------------------------------------             -------------------
(State or other jurisdiction of incorporation               (I.R.S. Employer
             or organization)                             Identification No.)


6825 Shady Oak Road, Eden Prairie, Minnesota                     55344
--------------------------------------------------------------------------------
(Address of principal executive offices)                       (ZIP Code)

Issuer's telephone number, including area code:       (952) 943-1598
                                                      --------------


--------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
                                    report)

Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter period that the issuer was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes X No

         The number of shares of the issuer's Common Stock outstanding at
January 15, 2003 was 4,854,320 shares.



<PAGE>


                                  ENETPC, INC.

                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------
                          Part I. Financial Information

Item 1.   Financial Statements

          Balance Sheets as of November 30, 2002 (unaudited) and
          February 28, 2002                                                   3

          Statements  of  Operations  for Three Months and Nine Months Ended
          November 30, 2002 and 2001 (unaudited)                              4

          Statements of Cash Flows for the Nine Months Ended November 30,
          2002 and 2001 (unaudited)                                           5

          Notes to the Financial Statements (unaudited)                       6

Item 2.   Management's Discussion and Analysis                                7


                           Part II. Other Information

Item 3.   Controls and Procedures                                            10

          Signature                                                          10

          Certifications                                                     11


                                       2
<PAGE>
<TABLE>
<CAPTION>

                                     eNETPC, INC.
                                    BALANCE SHEETS

                                                           November 30    February 28
                                                              2002            2002
                                                           -----------    -----------
ASSETS                                                     (Unaudited)
<S>                                                        <C>            <C>
Current assets:
        Cash                                               $      --      $    16,566
        Accounts receivable, less allowance
        for doubtful accounts - $262,703 at November 30,
        2002 and $255,000 at February 28, 2002                  51,910        226,620
        Inventories                                             29,830         59,650
        Prepaid expenses                                         4,947          3,286
                                                           ...........    ...........
Total current assets                                            86,687        306,122

Property and equipment:
        Office equipment and furniture                         469,664        469,366
        Leasehold improvements                                  37,271         37,271
        Production equipment                                    61,515         61,515
                                                           ...........    ...........
                                                               568,450        568,152
        Accumulated depreciation                              (478,370)      (417,043)
                                                           ...........    ...........
                                                                90,080        151,109
Other Assets                                                    10,700         13,531
                                                           -----------    -----------
Total assets                                               $   187,467    $   470,762
                                                           ===========    ===========



LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
       Accounts payable                                        193,644        208,931
       Accrued payroll and payroll taxes                         8,111          8,111
       Accrued liabilities                                      23,700         25,873
       Due to stockholder                                      139,908        105,000
                                                           ...........    ...........
Total current liabilities                                      365,363        347,915

Shareholders' equity(deficit):
         Common stock, $.01 par value
              Authorized shares - 20,000,000
              Issued and outstanding shares - 4,854,320         48,543         48,543
         Additional paid-in capital                          3,986,600      3,986,600
         Stockholder Subscription Receivable                   (15,165)       (24,964)
         Accumulated deficit                                (4,197,874)    (3,887,332)
                                                           ...........    ...........
Total shareholders' equity(deficit)                           (177,896)       122,847
                                                           -----------    -----------
Total liabilities and shareholders' equity(deficit)        $   187,467    $   470,762
                                                           ===========    ===========


</TABLE>



                                       3
<PAGE>
<TABLE>
<CAPTION>

                                            eNETPC, INC.
                                 STATEMENT OF OPERATIONS (UNAUDITED)


                                               THREE MONTHS ENDING            NINE MONTHS ENDED
                                                     30-Nov                        30-Nov
                                               2002          2001            2002           2001
                                           ...........    ...........    ...........    ...........
<S>                                        <C>            <C>            <C>            <C>
Sales                                      $    78,289    $   256,784    $   437,474    $ 3,571,075
Cost of Sales                                   64,983        237,043        347,149      3,241,687
                                           ...........    ...........    ...........    ...........
      Total Gross Profit                        13,306         19,741         90,325        329,388

Operating expenses:
     General and administrative                 69,586        155,302        365,115        519,488
      Sales and marketing                        3,265         (6,205)        23,752        200,355
                                           ...........    ...........    ...........    ...........
                                                72,851        149,097        388,867        719,843
                                           ...........    ...........    ...........    ...........

Profit or (loss) from operations               (59,545)      (129,356)      (298,542)      (390,455)

Other income (expense):
      Interest income                             --              321                          560
      Interest Expense                          (4,500)        (6,348)       (12,000)       (40,639)
      Other income (expense)                                  (10,296)                      (17,234)
                                           ...........    ...........    ...........    ...........
                                                (4,500)       (16,323)       (12,000)       (57,313)
                                           ...........    ...........    ...........    ...........
Net income (loss)                          $   (64,045)   $  (145,679)   $  (310,542)   $  (447,768)
                                           ===========    ===========    ===========    ===========


Net loss per common share - basic
      and diluted                          $     (0.01)   $     (0.03)   $     (0.06)   $     (0.09)

Weighted average common shares
      outstanding - basic and diluted        4,854,320      4,790,408      4,854,320      4,730,081

     SEE ACCOMPANYING NOTES


</TABLE>




                                                4
<PAGE>

                                  eNETPC, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                            NINE MONTHS ENDED
                                                                 30-Nov
 (Unaudited)                                               2002         2001
                                                         ---------    ---------

CASH FLOWS USED IN OPERATING ACTIVITIES
Net profit (loss)                                        $(310,542)   $(447,768)
Adjustments to reconcile net profit (loss) to net cash
     used in operating activities:
          Depreciation and amortization                     61,327       70,602
           Amortization of deferred compensation              --       (280,165)
          Changes in operating assets and liabilities:
                        Accounts Receivable                172,542      413,792
                        Inventories                         29,820       60,314
                        Prepaid expenses                     3,338        1,586
                       Other                                  --           --
                        Accounts payable                   (23,126)     (80,731)
                        Accrued expenses                    (7,631)     (25,104)
                                                         ---------    ---------
Net cash provided by (used in) operating activities        (74,272)    (287,474)

CASH FLOWS USED IN INVESTING ACTIVITIES
Purchases of property and equipment                           (299)     (34,734)
                                                         ---------    ---------
Net cash provided (used in) investing activities              (299)     (34,734)

CASH FLOWS FROM FINANCING ACTIVITIES
Checks issued in excess of deposits                          8,298
Net  reduction in stockholder subscription receivable        9,799         --
Net proceeds from sale of common stock                        --         96,200
Net proceeds from due to stockholder                        39,908         --
Net proceeds from note payable from a related party                     100,000
Net proceeds from (payment on) line of credit                             7,428
                                                         ---------    ---------
Net cash provided by (used in) financing activities         58,005      203,628

Decrease in cash                                           (16,566)    (118,580)
Cash at beginning of period                                 16,566      175,296
                                                         ---------    ---------
Cash at end of period                                    $    --      $  56,716
                                                         =========    =========




                                       5

<PAGE>

                                  ENETPC, INC.
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

Note 1.  BASIS OF PRESENTATION

The accompanying unaudited financial statements of eNetpc, Inc. (the "Company")
as of November 30, 2002 and for the three months ended November 30, 2002 and
2001 have been prepared by the Company, without audit, pursuant to rules and
regulations of the Securities and Exchange Commission ("SEC"). Certain
information and footnote disclosures, normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America, have been condensed or omitted pursuant to such rules
and regulations. In the opinion of management, the financial statements included
in this Form 10-QSB include all adjustments, consisting only of normal and
recurring adjustments, considered necessary for a fair presentation of the
financial position and the results of operations and cash flows for the periods
presented. Operating results for the three months ended November 30, 2002 are
not necessarily indicative of the results that may be expected for the year
ending February 28, 2003. These condensed financial statements and footnote
disclosures should be read in conjunction with the financial statements and
footnotes thereto for the year ended February 28, 2002, included in the
Company's Annual Report on Form 10-KSB. The preparation of the financial
statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions
that affect amounts reported in the financial statements and accompanying notes
to the financial statements. Actual results could differ from those estimates.


Note 2.  INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out) or market.
Inventories consist principally of purchased components.


Note 3.  DUE TO STOCKHOLDER

The Company has a note payable to a stockholder in the amount of $139,908 at
November 30, 2002, which is due on October 4, 2003 including interest at 12% per
annum. The note is collateralized by property owned by a related
stockholder/officer. Interest expensed for the three months ending November 30,
2002 was $4,500 and interest accrued at November 30, 2002 was $12,500.


Note 4. NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per share is computed based on the weighted average
number of common shares outstanding during each period. Diluted net income
(loss) per share includes the incremental shares assumed issued on the exercise
of stock options. Basic and diluted net income (loss) per share are equal
because the effect of the outstanding stock options and warrants is
antidilutive.



                                       6
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

                              RESULTS OF OPERATIONS

The following table sets forth, for the periods indicated, statement of
operations data as a percentage of net sales:

                                  Three Months Ended    Nine Months Ended
                                      November 30          November 30

                                   2002       2001      2002        2001
                                 -------    -------    -------    -------

Sales                              100.0%     100.0%     100.0%     100.0%
Cost of sales                       83.0       92.3       79.4       90.8
                                 -------    -------    -------    -------
Gross profit                        17.0        7.7       20.6        9.2
                                 -------    -------    -------    -------

Operating expenses
General and administrative          88.9       60.5       83.5       14.5
                                 -------    -------    -------    -------
Sales and marketing                  4.2       (2.4)       5.4        5.6
                                 -------    -------    -------    -------
                                    93.1       58.1       88.9       20.1
                                 -------    -------    -------    -------

Income (loss) from operations      (76.1)     (50.4)     (68.2)     (10.9)
Other income (expense)              (5.7)      (6.3)      (1.7)      (1.6)
                                 -------    -------    -------    -------

Net income (loss)                  (81.8)%    (56.7)%    (71.0)%    (12.5)%
                                 -------    =======    -------    =======


COMPARISON OF THE THREE MONTHS ENDED NOVEMBER 30, 2001 AND 2002

NET SALES. Net sales decreased $178,495 or 70%, to $78,289 in the three months
ended November 30, 2002 compared to $256,784 for the three months ended November
30, 2001. The decrease in all business unit sales is primarily due to the
continuing downturn in the computer industry as a whole.

GROSS PROFIT. Gross profit for the third quarter of fiscal 2003 was $13,306, or
17% of net sales, compared to $19,741, or 7.7% of net sales, in the prior year.
The decrease in gross profit is due primarily to the decrease in net sales in
all business units, particularly in the Virtual Distribution business unit.

OPERATING EXPENSES. General, administrative and sales expenses were $72,851, or
93.1% of net sales, in the third quarter of fiscal 2003 compared to $149,097, or
58.1% of net sales, in the second quarter of fiscal 2002. This decrease is due
primarily to the reduction in administrative personnel and related operating
expenses during fiscal 2003.



                                       7
<PAGE>

Loss from operations decreased by $69,811 to ($59,545) in the third quarter of
fiscal 2003 from a loss of ($129,356) in fiscal 2002, reflecting the decrease in
net sales and related gross profit, and the decrease in operating expenses.

Interest expense decreased by $1,848 to $4,500 in the third quarter of fiscal
2003 from $6,348 in fiscal 2002 due to decreased borrowings on a receivables
financing agreement.

As a result of the foregoing factors, net loss decreased by $81,634 to ($64,045)
in the third quarter of fiscal 2003 from a loss of ($145,679) in fiscal 2002.


COMPARISON OF THE NINE MONTHS ENDED NOVEMBER 30, 2001 AND 2002

NET SALES. Net sales decreased $3,133,601 or 87.7%, to $437,474 in the nine
months ended November 30, 2002 compared to $3,571,075 for the nine months ended
November 30, 2001.

GROSS PROFIT. Gross profit for the first nine months of fiscal 2003 was $90,325,
or 20.6% of net sales, compared to $329,388, or 9.2% of net sales, in the prior
year. The decrease in gross profit is due primarily to the decrease in net sales
in all business units, particularly in the Virtual Distribution business unit.

OPERATING EXPENSES. General and administrative expenses were $365,115, or 83.5%
of net sales, in the first nine months of fiscal 2003 compared to $519,488, or
14.5% of net sales, in the first nine months of fiscal 2002. This decrease is
due primarily to the reduction in administrative personnel and related operating
expenses during fiscal 2003.

Loss from operations decreased by $91,913 to $(298,542) in the first nine months
of fiscal 2003 from a loss of $(390,455) in fiscal 2002, reflecting the decrease
in net sales and related gross profit, and the decrease in operating expenses.

Interest expense decreased by $28,639 to $12,000 in the first nine months of
fiscal 2003 from $40,639 in fiscal 2002 due to decreased borrowings on a
receivables financing agreement.

As a result of the foregoing factors, net loss decreased by $137,226 to
$(310,542) in the first nine months of fiscal 2003 from a loss of $(447,768) in
fiscal 2002.

LIQUIDITY AND CAPITAL RESOURCES

The Company's cash position at November 30, 2002 was $0, a decrease of $16,566
from $16,566 at February 28, 2002. During the nine months ended November 30,
2002, net cash used in operating activities was $74,271 due primarily to the net
loss from operations of $(310,542), the decrease in amortization of deferred
compensation $(280,165), and the decrease in accounts payable $(23,126), offset
by the decrease in accounts receivable of $172,542, the decrease in inventories
of $29,820, the decrease in prepaid expenses of $3,338, the decrease in
depreciation and amortization of $9,275, and the increase in accrued expenses
$7,631. The decrease in accounts receivable is the result of lower sales in the
nine months ending November 30, 2002. The decrease in amortization of deferred
compensation is due to the reversal of prior expenses for amortization of
deferred compensation. The decrease in accounts payable reflects a lower
operating expense level.


                                       8
<PAGE>

Net cash used in investing activities in the nine months ended November 30, 2002
was $299 due to the purchases of equipment as compared to the net cash used in
investing activities for the six months ended November 30, 2001 of $34,734 also
due to the purchases of equipment and computers.

Net cash provided by financing activities in the nine months ended November 30,
2000 was $58,005 consisting of $39,908 from proceeds of a note payable, $9,799
reduction in stockholder subscription receivable, and $8,298 of checks issued in
excess of deposits.


SIGNIFICANT ACCOUNTING POLICIES

         The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and the disclosure of contingent assets and liabilities
at the dates of the financial statements and reported amounts of revenues and
expenses during the reporting periods. The Company's significant accounting
policies are described in Note 1 to the financial statements for the year ended
February 28, 2002. The accounting policies used in preparing our interim 2003
financial statements are the same as those described in February 28, 2002
financial statements. The most significant estimates and assumptions relate to
the valuation of inventory, capitalized software development costs, and the
reserves set aside for bad debts. Actual amounts could differ from these
estimates.

Inventory Valuation

                  Inventories consist primarily of purchased components and are
                  valued at the lower of cost or market (first-in, first-out
                  method). Because of the continuing pressure on component
                  pricing in the computer industry, the company regularly
                  reviews the costs used to value inventory and adjusts them to
                  reflect upward or downward market values.

         Within the last year, the company has changed its method of operation
from an inventory carrying manufacturer to outsourcing the manufacture and
delivery of its hardware products. This change allows the company to minimize
the carrying costs associated with large amounts of inventory and also decreases
significantly the risks of obsolescence and loss. The company continues to
further reduce its inventory levels and associated risks by selling off all
excess items.

       Capitalized Software Development

                  Under the provisions of SOP 98-1, the Company capitalizes
                  costs associated with software developed or obtained for
                  internal use when both the preliminary project stage is
                  completed and management has authorized further funding for
                  the project which it deems probable will be completed and used
                  to perform the function intended. Capitalized costs include
                  only (1) external direct costs of materials and services
                  consumed in developing or obtaining internal use software, (2)
                  payroll and payroll related costs for employees who are
                  directly associated with and who devote time to the internal
                  use software project, and (3) interest costs incurred, when
                  material, while developing internal use software.
                  Capitalization of such costs ceases no later than the point at
                  which the project is substantially complete and ready for its
                  intended purpose.



       Reserves Set Aside for Bad Debts called "Allowance for Doubtful Accounts"

         The Company reviews customers' credit history before extending credit.
Generally, a minimum credit limit is established for a first time customer with
acceptable credit ratings. As experience is gained with a customer, an increase
in the credit limit can be made based on acceptable payment performance. An
allowance for doubtful accounts is made only after collection efforts have been
expended and management assesses the situation as unrecoverable, based upon
factors surrounding the credit risk, historical trend and other information.
Reserves are set aside on a customer by customer basis rather than on a
percentage basis of all customers.

                                       9
<PAGE>

Forward-Looking Statements

Forward-looking statements herein are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. There are
certain important factors that could cause results to differ materially from
those anticipated by some of the statements made herein. Investors are cautioned
that all forward-looking statements involve risks and uncertainty. Among the
factors that could cause actual results to differ materially are the following:
market acceptance of new products, changes in competitive environment, general
conditions in the industries served by the Company's products, continued
availability of financing and related costs, and overall economic conditions
including inflation.


                           PART II. OTHER INFORMATION


ITEM 3:  CONTROLS AND PROCEDURES.

         Under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, we
conducted an evaluation of our disclosure controls and procedures, as such term
is defined under Rule 13a-14(c) promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), within 90 days of the filing date of this
report. Based on their evaluation, our principal executive officer and principal
accounting officer concluded that eNetpc, Inc.'s disclosure controls and
procedures are effective.

            There have been no significant changes (including corrective actions
with regard to significant deficiencies or material weaknesses) in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation referenced above.


                                    SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                          eNETPC, INC.


Dated:  January 15, 2003                     By    /s/ Richard A. Pomije
                                                   -----------------------------
                                                   Richard A. Pomije
                                                   Its Chief Executive Officer


                                       10
<PAGE>


                                 CERTIFICATIONS

I, Richard A. Pomije, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of eNetpc, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
registrant and have:

            a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

            b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the filing date of
this quarterly report (the "Evaluation Date"); and

            c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. I have disclosed, based on our most recent evaluation, to the registrant's
auditors and the audit committee of registrant's board of directors (or persons
performing the equivalent functions):

            a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

            b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and


                                       12
<PAGE>

6. I have indicated in this quarterly report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most recent
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.


Date: January 15, 2003         Signed:     /s/  Richard A. Pomije
                                        --------------------------------------
                               Name:    Richard A. Pomije
                               Title:   Chief Executive Officer and principal
                                        financial officer of  eNetpc, Inc.




<PAGE>

                            CERTIFICATION PURSUANT TO
                 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         I, Richard A. Pomije, the Chief Executive Officer and principal
financial officer of eNetpc, Inc. (the "Company") in compliance with 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, hereby certify that, the Company's Quarterly Report on Form 10-QSB for the
period ended August 31, 2002 fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934 and fairly presents, in
all material respects, the financial condition and results of operations of the
Company.

Dated:  January 15, 2003


                             Signed:     /s/  Richard A. Pomije
                                      -----------------------------------------
                             Name:    Richard A. Pomije
                             Title:   Chief Executive Officer and principal
                                        financial officer of  eNetpc, Inc.






                                       13